BCD AnalysisThis is an Analysis for Bitcoin Diamond on a Monthly timeframe including both the USD and BTC pairs
On the left (USD pair) a test of the middle band can be seen, this will likely be a point of support for bulls, as seen in the past
On the right (BTC pair) a test of the bottom band can be seen, I have included a sketch of how I think the channel will play out bullishly.
Right now the price is very cheap in both situations, TA supports a long position
Bcdusdsignal
BCD/BTC TA Update (Pump and Dump?)BCD/BTC
BCD is somewhat acting the same with BTG, both coins pump so hard sending the RSI to hit the overbought conditions on a single candlestick.
BCD also manages to break 200D MA key resistance which indicates strong buying pressure. But let's not forget that during its strong uptrend,
no significant support is built in between. Don't be surprised the price might crash over 20-30% down before it continues upward.
BCD is currently trading inside the key resistance area and it is not safe to open a Long position as the market is highly volatile.
